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20130115
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. someone get me a latte will ya, please? >>> time to talk taxes with passage of proposition 30 more californians pay the highest state income tax in the nation. will the latest bump push them out? we bring in larry gerston and there's a lot of money at stake here. >> we need wealthy people here. that's for sure. here's why, jessica. before proposition 30 passed, the wealthiest 1% of californians paid 40% of all state income taxes or about $20 billion annually. that's particularly important because the income tax itself accounts for more than 60% of the state general fund. and the proportion paid by the wealthy will be even higher once proposition 30 kicks in. >> it's not really realistic to think that rich people will up and leave the state. >> there are no indication of wealthy flight that's for sure. it's just the opposite. according to public policy institute of california, the ones that leave every year have low incomes, little education and higher unemployment rates more so than the state as a holhol whole. even after voters pass the millionaires tax in 2004, the state still ma
. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the interview. >>> new details in the hostage standoff in algeria. the u.s. confirms one american worker at the natural gas complex is dead. the plant is located in northern africa in the sahara desert about 800 mi
. >> this is what we get ready for because people get their tax returns and get the money, and so that's the big hit as well. people come to buy cars because there's not enough inventory. compared to other cars a good 30 or 40 cars. >> reporter: if you have any information about this robbery, you are asked to call the alameda county sheriff's department live in hayworth, kimberly tere, nbc bay area n s news. >>> we want to take you live to washington, d.c., now. some great pictures coming to us from the commander in chief's ball. this is one of the two inaugural balls for president obama, and you see the first lady there, jennifer hudson is singing, and a nice dance. they've been dancing the last few minutes. it looks like they're just wrapping up. they got to this ball about 20 minutes ago. it's the commander in chief's ball, open to anyone in the military, of course with an invitation, it's open for you. let's listen in briefly to the president and the first lady. ♪ >> a wonderful day and an amazing evening for both of them, and it's been a long day for them. and from this commander in chief's
Search Results 0 to 2 of about 3